Lamprell Plc (LON:LAM) had its price objective lowered by equities research analysts at Canaccord Genuity from GBX 95 ($1.24) to GBX 70 ($0.91) in a report issued on Friday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential downside of 2.78% from the stock’s current price.
LAM has been the subject of several other reports. Liberum Capital reissued a “buy” rating and issued a GBX 135 ($1.76) price target on shares of Lamprell Plc in a research report on Tuesday, August 30th. JPMorgan Chase & Co. reduced their price target on Lamprell Plc from GBX 58 ($0.76) to GBX 53 ($0.69) and set a “neutral” rating for the company in a research report on Friday, September 23rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 91.43 ($1.19).
Lamprell Plc (LON:LAM) opened at 72.25 on Friday. The firm has a 50-day moving average price of GBX 64.61 and a 200-day moving average price of GBX 74.80. The company’s market cap is GBX 246.89 million. Lamprell Plc has a 12-month low of GBX 55.00 and a 12-month high of GBX 142.00.
About Lamprell Plc
Lamprell plc is a United Kingdom-based provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas, and renewable energy industries. The principal activities of the Company and its subsidiaries are the upgrade and refurbishment of offshore jackup rigs; fabrication; assembly and new build construction for the offshore oil and gas and renewable sector, including jackup rigs and liftboats; Floating Production, Storage and Offloading (FPSO) and other offshore and onshore structures, and oilfield engineering services, including the upgrade and refurbishment of land rigs.
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